Wednesday, November 17, 2004

In the money

Despite strong economic growth, and a standard of living that many in Eastern Europe would die for, Ireland continues to receive more than twice as much cash from Brussels as it contributes to the EU.

Figures for last year, just released, show that Ireland received €2.65bn while contributing just €1.13bn to EU central coffers last year. This means that Ireland gets back around €2.38 for every euro Irish taxpayers contributed to the EU.